Bond Nordstrom & Co. 7% ( US655664AL45 ) in USD

Issuer	Nordstrom & Co.
Market price	99.032 % ▲
Country	United States
ISIN code	US655664AL45 ( in USD )
Interest rate	7% per year ( payment 2 times a year)
Maturity	14/01/2038
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Cusip	655664AL4
Standard & Poor's ( S&P ) rating	BB+ ( Non-investment grade speculative )
Moody's rating	Ba2 ( Non-investment grade speculative )
Next Coupon	15/07/2026 ( In 155 days )
Detailed description	Nordstrom, Inc. is a luxury department store chain operating in the United States and Canada, known for its upscale merchandise, customer service, and omnichannel retail strategy. This financial article provides an in-depth analysis of a specific fixed-income instrument issued by Nordstrom Inc., a prominent U.S.-based luxury department store chain. Identified by ISIN US655664AL45 and CUSIP 655664AL4, this bond offers investors a coupon rate of 7%, with interest payments disbursed semi-annually, a standard frequency for corporate debt. Denominated in U.S. Dollars (USD), the bond is set to reach its maturity on January 14, 2038, providing a long-term investment horizon. As of the latest market data, the bond is trading at 89.068% of its par value, a price that reflects prevailing market conditions, interest rate expectations, and investor perceptions of the issuer's credit risk and future prospects. Nordstrom Inc., founded in 1901 and headquartered in Seattle, Washington, operates within the highly competitive retail sector, specializing in fashion apparel, accessories, cosmetics, and footwear through its full-line stores, Nordstrom Rack off-price stores, and its robust e-commerce platform. The company's strategic focus on customer service, curated product selection, and an integrated omnichannel approach aims to sustain its market position amidst evolving consumer behaviors and a dynamic retail landscape. The creditworthiness of Nordstrom Inc. as the issuer is assessed by leading credit rating agencies; Standard & Poor's (S&P) has assigned a 'BB+' rating, while Moody's provides a 'Ba2' rating. Both ratings fall within the speculative grade category, often referred to as "junk bond" status, indicating that while the company currently demonstrates capacity to meet its financial commitments, it faces significant ongoing uncertainties or exposure to adverse business, financial, or economic conditions. For investors, this bond presents a relatively high nominal yield reflective of its non-investment grade credit profile and the extended maturity period, positioning it for those seeking higher returns balanced against the associated elevated risk.